PRO23: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PRO23
Largest movements
- Receivables within one year +€12,491
up €12,491 (+152.9%), from €8,167 to €20,658
of which Trade receivables: +€10,230
- Cash +€9,288
up €9,288 (+76.9%), from €12,082 to €21,370
mainly Tax, wage and social debts (+€20,180) and Trade debts (+€16,631)
- Tangible fixed assets +€1,972
up €1,972 (+8.3%), from €23,812 to €25,783
of which Plant, machinery and equipment: +€2,885
- Stocks and contracts +€1,241
up €1,241 (+19.3%), from €6,445 to €7,687
- Tax, wage and social debts +€20,180
up €20,180 (+3017.5%), from €669 to €20,848
of which Remuneration and social security: +€14,711
- Other debts -€18,320
down €18,320 (-83.6%), from €21,910 to €3,590
- Trade debts +€16,631
up €16,631 (+75.8%), from €21,936 to €38,567
- Reserves +€6,000
up €6,000 (+171.4%), from €3,500 to €9,500
- Gross operating margin +€58,886
up €58,886 (+284.3%), from €20,713 to €79,599
- Staff costs +€58,583
new in 2025: €58,583
- Taxes +€2,519
up €2,519 (+376.7%), from €669 to €3,188
- Depreciation +€1,554
up €1,554 (+25.1%), from €6,196 to €7,750
- Financial charges +€1,142
up €1,142 (+48.8%), from €2,341 to €3,483
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,055 | €77,597 | +€24,542 | +46.3% |
| Fixed assets | 21/28 | €26,360 | €27,882 | +€1,522 | +5.8% |
| Intangible fixed assets | 21 | €2,549 | €2,099 | -€450 | -17.7% |
| Tangible fixed assets | 22/27 | €23,812 | €25,783 | +€1,972 | +8.3% |
| Plant, machinery and equipment | 23 | €16,230 | €19,114 | +€2,885 | +17.8% |
| Furniture and vehicles | 24 | €5,596 | €4,196 | -€1,400 | -25.0% |
| Other tangible fixed assets | 26 | €1,986 | €2,473 | +€487 | +24.5% |
| Current assets | 29/58 | €26,694 | €49,715 | +€23,020 | +86.2% |
| Stocks and contracts in progress | 3 | €6,445 | €7,687 | +€1,241 | +19.3% |
| Stocks | 30/36 | €6,445 | €7,687 | +€1,241 | +19.3% |
| Amounts receivable within one year | 40/41 | €8,167 | €20,658 | +€12,491 | +152.9% |
| Trade receivables | 40 | €1,469 | €11,699 | +€10,230 | +696.4% |
| Other amounts receivable | 41 | €6,698 | €8,960 | +€2,261 | +33.8% |
| Cash at bank and in hand | 54/58 | €12,082 | €21,370 | +€9,288 | +76.9% |
| Total equity and liabilities | 10/49 | €53,055 | €77,597 | +€24,542 | +46.3% |
| Equity | 10/15 | €8,539 | €14,591 | +€6,051 | +70.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €9,500 | +€6,000 | +171.4% |
| Distributable reserves | 133 | €3,500 | €9,500 | +€6,000 | +171.4% |
| Profit (loss) carried forward | 14 | €39 | €91 | +€51 | +130.4% |
| Amounts payable | 17/49 | €44,515 | €63,006 | +€18,491 | +41.5% |
| Amounts payable within one year | 42/48 | €44,515 | €63,006 | +€18,491 | +41.5% |
| Trade debts | 44 | €21,936 | €38,567 | +€16,631 | +75.8% |
| Suppliers | 440/4 | €21,936 | €38,567 | +€16,631 | +75.8% |
| Taxes, remuneration and social security | 45 | €669 | €20,848 | +€20,180 | +3017.5% |
| Taxes | 450/3 | €669 | €6,137 | +€5,468 | +817.7% |
| Remuneration and social security | 454/9 | - | €14,711 | +€14,711 | |
| Other amounts payable | 47/48 | €21,910 | €3,590 | -€18,320 | -83.6% |
| Remuneration, social security and pensions | 62 | - | €58,583 | +€58,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,196 | €7,750 | +€1,554 | +25.1% |
| Other operating charges | 640/8 | - | €621 | +€621 | |
| Gross operating margin | 9900 | €20,713 | €79,599 | +€58,886 | +284.3% |
| Operating profit (loss) | 9901 | €14,517 | €12,644 | -€1,873 | -12.9% |
| Financial income | 75/76B | €0 | €78 | +€78 | |
| Recurring financial income | 75 | €0 | €78 | +€78 | |
| Financial charges | 65/66B | €2,341 | €3,483 | +€1,142 | +48.8% |
| Recurring financial charges | 65 | €2,341 | €3,483 | +€1,142 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €12,176 | €9,239 | -€2,937 | -24.1% |
| Income taxes | 67/77 | €669 | €3,188 | +€2,519 | +376.7% |
| Profit (loss) for the period | 9904 | €11,507 | €6,051 | -€5,456 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,507 | €6,051 | -€5,456 | -47.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.